At Sibos 2022 held in Amsterdam, Trade Finance Global (TFG) discussed the potential complexities and obstacles for the Italian banking sector with CBI Chief Commercial Officer, Pilar Fragalà, and how CBI manages these by helping banks to overcome them.
ICC Trade Register confirms that for larger banks, credit risk in trade, supply chain, and export finance fall back to pre-pandemic levels.
In late September the pound fell spectacularly from above $1.12 to a new record low of $1.035 versus the US dollar.
It’s true that the dollar had been appreciating for many months, and the pound was one of the most undervalued currencies of the year, but this was news making headlines and front pages around the world, and it was exclusively a domestic problem.
At what point can a business acknowledge foreign exchange (FX) in their procure to pay (P2P) process, and at what cost?
In a world where roughly 15% of trade is protected by insurance, eyes are often on the trade credit insurance stage.
The credit political risk insurance (CPRI) industry helps lenders and corporates with lending capacity and regulatory capital risk. Credit insurance underpins global trade and finance, managing both concentration risk and country limits.
In addition to the joint sanctions placed on Moscow by the UK and other NATO countries in February, Office for National Statistics (ONS) figures have confirmed that UK private energy firms no longer import any oil or gas from Russia.
Structured trade finance is a type of debt finance that structures trade finance products from across the supply chain together. Learn everything you need to know about structured trade finance here.
Cross-border payments are at the core of international finance and economic activity and it have undergone dramatic changes over the past fifty years.
Your Monday morning coffee briefing from TFG: Euro hits parity with US dollar for the first time in 20 years
After weeks of speculation and predictions of the euro’s value hitting parity with the US dollar, it finally happened this week, and the world noticed.
For the third day in succession, a test of the psychologically important parity level in Euro-Dollar is underway, but a significant layer of options barriers could yet mean the exchange rate closes above this level again.
As Iain Martin of the Times said, “To deny the downsides of Brexit on trade with the EU is to deny reality.”
The decision to secede from the world’s largest single market area was bound to have some short-term economic consequences, but the UK may be experiencing more than a short-term decline.
Correspondent banks are a key part of cross-border payments facilitating the flow of trade between different jurisdictions.
When the rouble plummets, where do Russians put their money? TFG’s Marcus Lankford investigates…
In this article, the Bank of England’s Alastair Hughes talks about LIBOR cessation and risk-free rate alternatives